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Good Delivery gold bar weighing 12.4 kilograms (400 ozt) Good Delivery silver bar weighing 31.1 kilograms (1,000 ozt) The Good Delivery specification is a set of rules issued by the London Bullion Market Association (LBMA) describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market. [1]
Listed refineries are eligible to produce and ship Good Delivery bars into London. These bars are used to underpin the global OTC gold and silver trades that are settled loco-London. The London Good Delivery standard is universally acknowledged as the de facto international benchmark for the quality of large gold and silver bars.
Most of the members are major international banks or bullion dealers and refiners. The physical characteristics of gold and silver bars used in settlement in market is described by the Good Delivery specification which is a set of rules issued by the LBMA. It also puts forth requirements for listing on the LBMA Good Delivery List of approved ...
Heavy crude from Canada is cheap enough to provide the refiners the right price But for at least four of them, the tide may be turning. 4 Forgotten Refiners With Bright Futures
PAMP SA (Produits Artistiques Métaux Précieux) is an independent precious metals refining and fabricating company, and a member of the MKS Group.Established in 1977 in Ticino, Switzerland, PAMP began as a minting facility for small bars and an alloy specialist for jewelry and watchmaking.
Bullion products from these trusted refiners are traded at face value by LBMA members without assay testing. By buying bullion from an LBMA member dealer and storing it in an LBMA recognized vault, customers avoid the need of re-assaying or the inconvenience in time and expense it would cost. [ 32 ]
Incredible rates of domestic oil production indicate that refinery utilization is running at maximum capacity. Still, refining stocks took a big hit yesterday on news that the price of renewable ...
Move over, Wordle, Connections and Mini Crossword—there's a new NYT word game in town! The New York Times' recent game, "Strands," is becoming more and more popular as another daily activity ...